Does Luxury Vinyl Tile Flooring Boost Your Home's Value?

But what constitutes the “right” type of flooring? Multiple factors. For one, the right flooring can make a home more attractive to potential buyers and command a higher selling price, but you’ll also want to consider your lifestyle and the type of flooring that makes the most sense for you and your family. 

In this article, we examine how luxury vinyl plank (LVP) and luxury vinyl tile (LVT) compare to other popular options like hardwood in terms of boosting a home's value and appeal. Let’s dive in.

What is Luxury Vinyl Plank and Luxury Vinyl Tile? 

LVP and LVT have seen a surge in popularity in recent years as alternatives to traditional hardwood flooring. These vinyl options mimic the look of real wood or stone while offering some pretty distinct advantages in affordability, wear and tear, and their residence to water. Because of these things, they have become go-to choices for many homeowners looking to renovate with style and practicality in mind for their flooring remodel.

At the forefront of contemporary home design trends, LVP and LVT offer a wide range of colors, patterns, and textures to choose from. They can convincingly replicate the look of oak, maple, or exotic hardwoods as well as materials like marble or slate. The incredible versatility alone allows them to complement any interior design style, making them a no-brainer choice for many. 

The 3 Major Benefits of Luxury Vinyl Flooring 

1. Durability. One of the biggest selling points of LVP and LVT is their exceptional durability. They are highly resistant to scratches, dents, and stains, making them ideal for high-traffic areas and homes with pets or children. Luxury vinyl is also completely waterproof, giving it a major advantage over hardwood in kitchens, bathrooms, and basements prone to moisture.

2. Easy maintenance. Maintenance is simple with LVP and LVT. Unlike hardwood which requires regular refinishing, luxury vinyl needs only basic cleaning to keep it looking great for decades. Installation is also much easier and faster than hardwood, making it a more convenient option for many homeowners.

3. Less expensive. Cost is another area where luxury vinyl outperforms hardwood. LVP and LVT are substantially more affordable than hardwood, without sacrificing style or function. Homeowners can get the high-end look of hardwood at a fraction of the price. 

Every Rose Has It’s Thorn – The Challenges of LVP and LVT

While LVP and LVT offer many advantages, there are some potential drawbacks to consider as well. Luxury vinyl can be punctured by very sharp objects and is susceptible to fading with prolonged sun exposure. There are also some concerns about the environmental impact of vinyl flooring production.

For some homeowners, the choice between luxury vinyl and genuine hardwood comes down to a variety of factors including budget, lifestyle, and personal taste. High-end homes may still opt for the timeless appeal of real hardwood in main living areas, while using LVP or LVT in spaces like kitchens and bathrooms.

Hardwood Flooring: The OG of Interior Flooring Designs

Hardwood remains a classic choice for its unmatched warmth, elegance, and durability. It is also prized for being hypoallergenic and improving indoor air quality. However, hardwood comes with a higher price tag than LVP or LVT, both for the material itself and the more complex installation process. Hardwood is also more vulnerable to moisture damage and requires more delicate maintenance.

How to Be Strategic Use of Flooring in Home Renovations

If you’re a homeowner looking to boost resale value, you should carefully consider which rooms to prioritize for flooring updates. Kitchens and bathrooms are prime spaces to showcase the style and practicality of LVP or LVT. The wood-look vinyl creates an updated, upscale feel that buyers tend to love while providing the water resistance these splash-prone areas demand.

In living rooms, dining rooms, and bedrooms, the choice between hardwood and luxury vinyl depends on the style and price point of the home. Hardwood still reigns supreme in high-end homes where its prestige and longevity are valued. However, for mid-range homes, LVP or LVT can achieve a similar upscale look without breaking the budget.

Design and Installation Tips

To maximize the value of your new flooring, it's important to choose a material and style that complements your home's overall look and feel, while still appealing to the broadest range of buyers. Classic wood looks in neutral tones are always a safe bet. 

Proper installation is so important to ensure your new floors look and perform their best. Hiring experienced professionals familiar with the specific requirements of LVP, LVT, or hardwood is well worth the investment. If tackling installation yourself, be meticulous about prep work and carefully follow all manufacturer guidelines.

When it comes to boosting your home's resale value, updating your flooring is a smart strategy. Luxury vinyl plank and tile offer an ideal mix of style, durability, and affordability that make them a solid choice for any homeowner looking to renovate. While genuine hardwood remains the gold standard in high-end homes, LVP and LVT provide an accessible way to get an upscale look with value-added performance benefits.

As you weigh your flooring options, consider the unique needs and style of your home, as well as your budget and target buyers. Focus on the high-impact spaces that will make the biggest impression on potential buyers. With the right material, color, and installation, you can give your home an impressive update that pays off when it's time to sell.